SWIAT supports Bank of Greece
17 February 2026 Greece, Germany
Image: ykwanchaift/stock.adobe.com
Secure Worldwide Interbank Asset Transfer platform (SWIAT), a German fintech company specialising in the development of blockchain software and a tokenisation platform, has supported Bank of Greece in ‘Project Sovereign’, a simulation of a digital sovereign bond issuance on the SWIAT blockchain.
Conducted under real market conditions, Project Sovereign covered a full digital bond lifecycle: issuance, several secondary market transactions, coupon payment, and redemption, all of which were executed using SWIAT Blockchain technology to enable Delivery-versus-Payment (DvP) settlement in interbank business.
In Project Sovereign, the Bank of Greece acted as both the sovereign bond issuer and the Central Securities Depository with a registry.
Berliner Volksbank, DekaBank, Eurobank, Kreditanstalt für Wiederaufbau (KfW), Landesbank Baden-Württemberg (LBBW), National Bank of Greece, and Piraeus Bank took on the role of investors.
SWIAT acted as a software provider and simulated the role of a digital custodian bank, which enables offchain investors to participate.
During the initiative, SWIAT's digital assets software facilitated the tokenisation and secure transfer of digital bonds on the blockchain.
In the absence of central bank digital currency options, SWIAT's platform enabled the creation of simulated EUR tokens in a dedicated environment for the payment process – inspired by the setup of Bundesbanks’ Triggersolution and the European Central Bank’s Pontes.
Through the interplay between the asset and payment blockchains, DvP was successfully processed.
Theodore Pelagidis, deputy governor of Bank of Greece, notes: “Building on the strong cooperation and positive outcomes of the previous project, Project Sovereign extends both scope and ambition.”
He continues: “Operating end‑to‑end across the sovereign bond lifecycle deepened earlier insights and demonstrated the potential of DLT to enhance efficiency, transparency, and operational resilience within regulated infrastructure.
“The sandbox environment supported close alignment with central bank and Eurosystem principles while strengthening European‑level collaboration, contributing to the path toward scalable, production‑ready sovereign issuance models and Europe’s digital capital‑market sovereignty.”
Conducted under real market conditions, Project Sovereign covered a full digital bond lifecycle: issuance, several secondary market transactions, coupon payment, and redemption, all of which were executed using SWIAT Blockchain technology to enable Delivery-versus-Payment (DvP) settlement in interbank business.
In Project Sovereign, the Bank of Greece acted as both the sovereign bond issuer and the Central Securities Depository with a registry.
Berliner Volksbank, DekaBank, Eurobank, Kreditanstalt für Wiederaufbau (KfW), Landesbank Baden-Württemberg (LBBW), National Bank of Greece, and Piraeus Bank took on the role of investors.
SWIAT acted as a software provider and simulated the role of a digital custodian bank, which enables offchain investors to participate.
During the initiative, SWIAT's digital assets software facilitated the tokenisation and secure transfer of digital bonds on the blockchain.
In the absence of central bank digital currency options, SWIAT's platform enabled the creation of simulated EUR tokens in a dedicated environment for the payment process – inspired by the setup of Bundesbanks’ Triggersolution and the European Central Bank’s Pontes.
Through the interplay between the asset and payment blockchains, DvP was successfully processed.
Theodore Pelagidis, deputy governor of Bank of Greece, notes: “Building on the strong cooperation and positive outcomes of the previous project, Project Sovereign extends both scope and ambition.”
He continues: “Operating end‑to‑end across the sovereign bond lifecycle deepened earlier insights and demonstrated the potential of DLT to enhance efficiency, transparency, and operational resilience within regulated infrastructure.
“The sandbox environment supported close alignment with central bank and Eurosystem principles while strengthening European‑level collaboration, contributing to the path toward scalable, production‑ready sovereign issuance models and Europe’s digital capital‑market sovereignty.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
